The following Tax precedent provides comprehensive and up to date legal information covering:
Withholding and grossing up
All sums payable under this [Agreement] by or on behalf of any party (for the purposes of this clause 1, the payer) to another (the payee) shall be paid free and clear of all deductions or withholdings save only as may be required by law.
If any deduction or withholding is required by law to be made from any payment under this [Agreement], the payer shall, except in respect of interest for late payment under [clause [insert clause number] of] this [Agreement], pay the payee[, at the same time as making the payment in question,] such additional amount as will, after such deduction or withholding has been made [(and after taking into account any credit in respect of such deduction or withholding)], leave the payee with the same amount as it would have been entitled to receive in the absence of any such requirement to make a deduction or withholding.
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